Aussie Banks In A Spin

Curious why your article doens't mention that the S&P downgrade was a part of S&Ps widely discussed, expected changes to it's Bank Ratings Methodology and followed downgrades of banks across the US and Europe? This article is horribly misleading in making it appear that the downgrades were a result of a new view S&P was taking on the Australian Banks' rating's profiles, and not as part of a shift in the way the agency rates banks globally. One would expect more even-handed and honest reporting from the Journal.

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Deal Journal Australia is an up-to-the-minute take on the deals and deal makers that shape the Australian landscape, including mergers and acquisitions, capital raisings, private equity and debt markets. In short, wherever money changes hands. Deal Journal Australia is updated throughout each trading day with exclusive commentary, analysis, data, news flashes and profiles. The Wall Street Journal’s Gillian Tan is the lead writer, with contributions from other Journal and Dow Jones reporters and editors. Send news items, comments and questions to gillian.tan@wsj.com.

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